July 2023

FREE FEDNOW WEBINAR: The Future of Payments

Wednesday, August 9th, 10-11 am CST

Dive in to Instant Payments. Plan to join Eric Dotson, Executive Vice President, Aptys Solutions, for an educational webinar on The Future of Payments.

If you have questions, or would like to have a conversation about your bank implementing Settlement, please contact one of our team members. Lyndsay York or John Sapp.

Enumeration Fraud: Battling the Uphill Tread

Card fraud is on the rise. As sophisticated fraudsters continue to find new and creative ways to attack unsuspecting accountholders, it’s more important than ever to protect your financial institution and cardholders from potential losses. One of the newer forms of fraud that is increasingly on the rise is called enumeration attacks.

Courtesy of TransFund

Optimizing Your Meetings

“Most people doubt online meetings can work but they somehow overlook that most in-person meetings don’t work either.” - Scott Berkun

 If the pandemic taught us anything, it’s that virtual connections are an easy and convenient resource for meetings and connections. Easy and convenient? Yes. Effective? Maybe.

Courtesy of Cross Financial

ICI WEBCAST REPLAY

Core Processing remains the largest technology expenditure within most banks today, but it also represents a key cost savings area. This week’s ICI webcast focused on strategies that your financial institution can implement to cost-effectively evaluate and differentiate Core Processing vendor alternatives when making key software and outsourcing decisions . If you were unable to attend the webcast and would like a playback of the session, please reach out your ICI contact, Doug Childress, at dchildress@ici-consulting.com or (417) 737-9706 with the recording request.

Where You Will See MIB This Quarter:

JULY 19-21

CBI Annual Convention

Arrowwood Resort Conference Center

Okoboji, IA

JULY 24

IBA Annual Chairman's Cup Golf Tournament

Des Moines Golf and Country Club

West Des Moines, IA

JULY 27-28

MBA Lending & Credit Conference

Margaritaville Lake Resort, Osage Beach, MO

AUGUST 9

IBA Next Generation Forum

Marriott, West Des Moines, IA

AUGUST 10-11

MBA Women Banker's Conference

Margaritaville Lake Resort, Osage Beach, MO

AUGUST 23-24

ILBA Ag Banking Conference

Crowne Plaza Hotel, Springfield, IL

AUGUST 23-25

MIB Community Banking Conference

Intercontinental Hotel, Kansas City, MO

SEPTEMBER 6

MBA Regional Meeting 2 & 4

Courtyard Marriott, Jefferson City, MO

SEPTEMBER 7-8

NBA Fall Ag Conference

Cornhusker Marriott, Lincoln, NE

SEPTEMBER 11

CBI Golf Outing

Hyperion Field Club, Johnston, IA

SEPTEMBER 11-13

MIBA Annual Convention

Lodge of Four Seasons Resort

Lake Ozark, MO

SEPTEMBER 12-13

MBA/NBA Tri State Human Resources Conference

Doubletree Hotel Overland Park, MO

SEPTEMBER 13-14

ILBA Women in Banking Conference

Crowne Plaza, Springfield, IL

SEPTEMBER 17-19

IBA Annual Conference

Iowa Events Center, Des Moines, IA

SEPTEMBER 19-22

BSA/AML & Compliance Conference

Margaritaville Lake Resort, Osage Beach, MO

SEPTEMBER 20

MBA Regional Meeting 1 & 3

Stoney Creek Hotel & Conference Center

Independence, MO

SEPTEMBER 21

MBA Regional Meeting 6

University Plaza, Springfield, MO

SEPTEMBER 25

MBA Heroes Cup - Segs 4 Vets

Highland Springs Country Club, Springfield, MO

Your copy should address 3 key questions: Who am I writing for? (Audience) Why should they care? (Benefit) What do I want them to do here? (Call-to-Action)

Create a great offer by adding words like "free" "personalized" "complimentary" or "customized." A sense of urgency often helps readers take an action, so think about inserting phrases like "for a limited time only" or "only 7 remaining"!

A: No. This is one of the most common violations we find during our ACH audits. Many ODFIs are simply calling an originator to notify them of receipt of an NOC and only providing the originator with correcting information. However, the NACHA Operating Rules and Guidelines require an ODFI to provide eleven pieces of information to an originator when notifying them of receipt of an NOC. Article Two, Subsection 2.11.1 of the NACHA Operating Rules and Guidelines states for each NOC or corrected NOC it receives, an ODFI must provide the originator with the following minimum information within two banking days of the settlement date of the NOC or corrected NOC: a) company name; b) company identification; c) company entry description; d) effective entry date; e) DFI account number; f) individual name/receiving company name; g) individual identification number/identification number; h) change code; i) original entry trace number; j) original RDFI identification; and k) corrected data. It is recommended the ODFI email this information to an originator as evidence the bank is complying with the NACHA rule.

A: While the benefits of using AI technology may seem limitless, there are risks also. If you or your bank are considering using AI technology, you first need to make sure you understand and document the risks. Here is a link to an example of some of the risk factors.

MIB EMPLOYEE DIRECTORY JULY 2023